Realty Income Corporation $O Shares Bought by Park National Corp OH

Key Points

• Park National Corp OH increased its stake in Realty Income Corporation by 6.8%, owning a total of 132,395 shares valued at approximately $7.63 million by the end of the second quarter.
• Realty Income has seen mixed analyst ratings, with three analysts giving a Buy rating and nine giving a Hold rating, while target prices range from $59.00 to $66.00.
• The company recently announced a monthly dividend increase to $0.2695 per share, representing a yield of 5.4%, with a record date of October 1st for shareholders.

Park National Corp OH boosted its position in Realty Income Corporation (NYSE:O - Free Report) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,395 shares of the real estate investment trust's stock after purchasing an additional 8,463 shares during the quarter. Park National Corp OH's holdings in Realty Income were worth $7,627,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of O. Vanguard Group Inc. lifted its stake in shares of Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after acquiring an additional 451,307 shares during the period. Invesco Ltd. boosted its holdings in Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after buying an additional 48,024 shares during the period. Raymond James Financial Inc. grew its position in shares of Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after purchasing an additional 992,303 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Realty Income by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock valued at $586,644,000 after buying an additional 123,501 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

O has been the subject of several recent analyst reports. Scotiabank lifted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Barclays increased their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. UBS Group raised their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Mizuho upped their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $62.36.

Realty Income Trading Up 0.4%

Shares of O traded up $0.27 during midday trading on Friday, hitting $60.43. 3,907,410 shares of the stock were exchanged, compared to its average volume of 4,977,123. The firm has a market cap of $55.25 billion, a P/E ratio of 58.67, a P/E/G ratio of 4.62 and a beta of 0.77. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a fifty day simple moving average of $57.92 and a 200 day simple moving average of $57.09.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $1.07 EPS. The firm's revenue was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. The ex-dividend date is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.4%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.